As we approach mid-year, this is a good time to assess the economic situation. First, we will focus on the nation. Then, the Carolinas. As indicated in the next chart, the latest Commerce Department estimate for first quarter GDP growth for the nation shows negative growth. I point out that the estimate was troubled by…
Business
Poyner Spruill’s Ben Buskirk Recognized on NC Lawyers Weekly’s Construction Power List
Poyner Spruill LLP is pleased to announce that partner Ben Buskirk has been named to the Construction Power List by North Carolina Lawyers Weekly. This honor distinguishes attorneys who have demonstrated broad knowledge and significant contributions to construction law. Buskirk was recognized along with 23 other construction attorneys in North Carolina. Buskirk regularly assists clients with the preparation and negotiation…
Referrals: Assess How Your Firm Measures Up against Six Critical Factors
Because I have been involved in this industry for so long – as a manager, owner, board member, consultant, plus had my own locally-oriented design/build/development/contracting firm – I regularly get asked by friends and acquaintances for referrals to engineering, architecture, planning, surveying, and environmental consulting firms. It probably happens a couple times a month. Here…
Optimism and Opportunity: SCEDA’s 2025 Conference Highlights South Carolina’s Economic Momentum Amid Uncertainty
Economic developers, business leaders, and policymakers gathered this week in Myrtle Beach for the South Carolina Economic Developers’ Association (SCEDA) Annual Conference, held May 14–16 in Myrtle Beach, SC. The event served as a platform to celebrate the state’s economic achievements and to discuss strategies for navigating the evolving economic landscape. A Positive Economic Outlook…
Construction Materials Prices Tame in April Despite Rising Iron and Steel Costs
Construction input prices decreased 0.1% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.2% for the month. Overall construction input prices are 0.1% higher than a year ago, while nonresidential construction…
Markets
Foundry Commercial Brokers Landmark Industrial Land Sale in Fuquay-Varina
Foundry Commercial is pleased to announce the successful sale of a nearly 40-acre infill, industrial site along the Highway 55 corridor in Fuquay-Varina, N.C. Foundry Partners Jim Allaire, Sarah Godwin, and Karl Hudson, IV, CCIM represented the seller in the transaction. The buyer, Chicago-based Stotan Industrial, will deliver approximately 487,200 square feet of small-bay industrial…
Construction of 461-unit Mixed-Use Multi-family Community underway by McShane in Greenville
McShane Construction Company’s Southeast regional team was selected to build a 461-unit multi-family community in Greenville, South Carolina, for repeat client Flournoy Development Group. “We are thrilled to partner with Flournoy Development Group once again to bring this dynamic and thoughtfully designed community to Greenville,” commented Dave Meadows, Vice President & Regional Manager at McShane….
Balfour Beatty Wins Prestigious CAGC Pinnacle Award for Innovative Harkers Island Bridge Project
Balfour Beatty has been honored with a 2024 Pinnacle Award from Carolinas AGC (CAGC) for its exceptional delivery of North Carolina Department of Transportation’s (NCDOT) $60 million Harkers Island Bridge Replacement project. The award was presented during CAGC’s 104th Annual Convention in Charleston, South Carolina. The CAGC’s Pinnacle Awards, co-sponsored by CPA firm GreerWalker LLP and the law…
Caruso Homes Debuts Decorated Model at Rolling Meadows in Mooresville, NC
Caruso Homes is excited to announce the grand opening of their only model home in the Charlotte area at Rolling Meadows, its newest luxury community in Mooresville, North Carolina. The decorated Lexington II model home, now open to the public, offers prospective buyers a firsthand look at the exceptional quality and craftsmanship that define Caruso Homes. The grand opening…